• Loading stock data...
Friday, November 22, 2024

Hurdles Still Remain After Jaguars Secure $775 Million for Stadium

  • The NFL team still needs to get league approval on its stadium deal and select a temporary home.
  • Owner Shad Khan calls last year’s late-season slide ‘organizational failure.’
Florida Times-Union

The Jaguars have cleared one major hurdle this week, winning Jacksonville city council approval on $775 million of public money toward a large-scale renovation of EverBank Stadium. But that crucial political win now will lead to several other issues for the team that still need to be settled. 

The council’s approval by a 14–1 vote with two abstentions and two absences provided an emphatic signal of the city’s desire to remain a big-league sports town, and mayor Donna Keegan (above, right) called the outcome “generational progress.” The Jaguars will pay $625 million in the project, plus cost overruns, in what is the largest single capital project in the history of Jacksonville. 

Challenges and Questions Ahead

Several issues, however, relating to the planned development of what the team is calling the “Stadium of the Future” are still outstanding. Among them:

  • Approval by NFL owners: The measure must also go before other NFL team owners, and that is slated to happen at fall meetings scheduled for Oct. 15–16 in Atlanta. The Jacksonville agreement calls for a 55% contribution from the public sector. That figure is lower than the taxpayer funds going into stadium projects in Buffalo and Tennessee, both in actual amount and percentage of overall development cost. Kansas lawmakers also recently approved a bonding measure that could cover 70% of a stadium development if the Chiefs move across the border from Missouri. But amid thorny political issues in other NFL markets such as Chicago, Jaguars executives said they don’t anticipate a problem with other owners and said they “look forward to getting this finalized.”
  • Where to play in 2027? The deal calls for a renovated EverBank Stadium to reopen in 2028. But the year before, the team will need a new home while some of the more substantive construction work is done. After a prior consideration of Daytona International Speedway, the leading options now are Ben Hill Griffin Stadium in Gainesville, Fla., and Camping World Stadium in Orlando. Both facilities are within two hours of Jacksonville, and Jaguars owner Shad Khan (above, left) said he wants the temporary home to be “close enough for the fans.”
  • What about London? The 30-year lease deal with Jacksonville includes a non-relocation provision, and it limits what the Jaguars can do in London. The team will still play there once a year, except when mandated by the league to play in an additional international game. But a regular presence by the team in London that began in 2013 and included two games last year in a league first will now have clear guardrails. For the ’27 season specifically, the Jaguars also have an option to play up to three games there, again due to the construction. 

‘Organizational Failure’

Khan, meanwhile, also is still lamenting the Jaguars’ end to the 2023 season, in which an 8–3 start faded to a 9–8 final record, leaving the team out of the playoffs. 

“I think it’s organizational failure that it happened,” he said. “All of these players that I talked to, it’s like, ‘How could this happen? What happened?’ For me, it’s really a cause for self-reflection and then something good to come out of it, because we just can’t have that this year. For us, winning now is the expectation.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Old Rivals, New Stakes: Notre Dame and Army to Clash in Yankee..

The two schools are playing for the first time since 2016.

From WWE to Washington: Linda McMahon Is Trump’s Pick for Education Secretary

McMahon was the president and CEO of WWE for nearly 30 years.

Roki Sasaki Pursuit Could Lead to Chaos in 2025 International Class

Big league clubs may redirect bonus pool money to chase the Japanese phenom.
Sep 29, 2024; Paradise, Nevada, USA; Las Vegas Raiders owner Mark Davis acknowledges a fan before the start of a game between the Raiders and the Cleveland Browns at Allegiant Stadium.

Mark Davis to Unload More of the Raiders

He’s agreed to give 15% to new owners, shortly after the Brady sale.
podcast thumbnail mobile
Front Office Sports Today

Who Can Actually Afford Juan Soto?

0:00

Featured Today

Nov 18, 2023; Las Vegas, Nevada, USA; Williams Racing driver Logan Sargeant of the United States (2) during the Las Vegas Grand Prix at Las Vegas Strip Circuit.

F1 Grand Prix Upended Vegas Last Year. Stakes Are High for Its..

Stakes are high as F1 gears up for a successful second act.
Classic Football Shirts New York Pop-Up
November 18, 2024

Vintage Soccer Jerseys Have Found a Sweet Spot in the Lucrative U.S...

The money-making shirts are at the prime intersection of memorabilia and fashion.
Nov 13, 2024; New York, New York, USA; New York Knicks guard Josh Hart (3) reacts after fouling Chicago Bulls guard Coby White (not pictured) during the second half at Madison Square Garden.
opinion
November 16, 2024

NBA Ratings Rorschach Test: Buy the Dip

Was it the election? Too many threes? Lack of storylines?
November 15, 2024

Executive Decision: When Richard Nixon Named a College Football Champion

In 1969, the 37th president unilaterally named the winner of the season.

Rays $1.3B Ballpark Plans Stalled by Bond Delays, Hurricane Fallout

St. Petersburg officials vote to delay bonds for a new ballpark.
November 19, 2024

Royals Ballpark Plans Expand to Kansas Amid Unsettled TV Future

Deals could be struck in the coming weeks on both the club’s local media rights and a future stadium.
Tampa Bay Rays
November 19, 2024

Rays Tampa Future in Doubt as County Commission Delays Bond Vote

The planned $1.3 billion ballpark now falls into further question.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
November 19, 2024

RFK Stadium Bill Advances Out of Senate Committee

Maryland, Virginia, and D.C. are potential future homes for the Commanders.
Roof of AT&T Stadium
November 19, 2024

Even the Cowboys’ Stadium Is Falling Apart

“The wind got in there and exacerbated the looseness,” Jerry Jones said.
Damage from Hurricane Milton to Tropicana Field
November 18, 2024

Rays’ $1.3B Ballpark Hangs in the Balance During County Bond Vote

Another county delay in issuing bonds for stadium construction could reopen relocation questions.
November 14, 2024

Rays to Call Yankee Territory ‘Home’ for 2025 Due to Tropicana Repairs

Extensive damage from Hurricane Milton to Tropicana Field forces the unusual solution.